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bitcoinmining
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December 03, 2014, 01:06:23 AM |
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Compare this to October of last year when blocks were generated at close to 7 minutes per block. That means now the network generates about 62 fewer blocks per day than last October. This is equivalent to 1550 BTC less influx in bitcoin supply per day which means significantly less selling pressure in the market.
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It takes about $1.33m of new fiat money coming into the bitcoin economy to buy up the total bitcoin supply increase of about 3600 BTC per day. This is the lowest dollar amount it's been in a year and the lowest BTC amount it's been in almost 2 years. In light of all this, I am strongly bullish. Thank you for sharing that, we're all strongly bullish!  |
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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December 03, 2014, 01:08:56 AM |
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I'm pretty sure the bulls have the upper hand and have had for the last couple of months, but the bears are not defeated.
2015 should be fun:)
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NotLambchop
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December 03, 2014, 01:10:17 AM |
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I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.
Why would anyone have thought that? Because they're smarter than a fruit fly? But it doesn't make sense, if they were going to sell them below market, why not just sell them at market. The coins were sold at a government auction--that's how the US government liquidates this sort of stuff. Bitcoin, shit speedboats that couldn't get up on plane because runner too greedy and overloaded them--check out US Marshals auctions. Everything fetches premium, because prestige  *Other than the begging "Why would anyone sell anything at an auction," selling a large chunk of coin on an exchange causes slippage. |
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BitChick
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Activity: 1148
Merit: 1001
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December 03, 2014, 01:18:04 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. Money/BTC is certainly not worth chasing after because it can come and go. |
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DaRude
Legendary
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Activity: 3138
Merit: 2007
In order to dump coins one must have coins
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December 03, 2014, 01:21:18 AM |
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 Coinapult ? BTC over SMS anyone? |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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December 03, 2014, 01:22:06 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. Money/BTC is certainly not worth chasing after because it can come and go. @ NotLambChop Any questions?  |
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NotLambchop
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December 03, 2014, 01:24:54 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. ... Yes He does and He sure is, sister BitChick! But who do you suppose made you lose your family's money? Could it be...  |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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December 03, 2014, 01:28:18 AM |
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Score Edit: EVIL |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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December 03, 2014, 01:36:38 AM |
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soon we will discuss religion instead of "Bitcoin price movement tracking & discussion"
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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December 03, 2014, 01:37:38 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. Money/BTC is certainly not worth chasing after because it can come and go. so. hard. to. not. troll. you. |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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December 03, 2014, 01:38:43 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. Money/BTC is certainly not worth chasing after because it can come and go. so. hard. to. not. troll. you. For heaven's sake |
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ChartBuddy
Legendary
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 03, 2014, 02:00:57 AM |
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WoopDeBoop
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December 03, 2014, 02:02:30 AM |
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so. hard. to. not. troll. you.
Why do you take others beliefs so personally man. Chill, live and let live. |
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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December 03, 2014, 02:15:10 AM |
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so. hard. to. not. troll. you.
Why do you take others beliefs so personally man. Chill, live and let live. Trying! |
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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December 03, 2014, 02:20:14 AM |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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December 03, 2014, 02:27:24 AM |
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Atheist Heaven is like that, too. Except Jesus doesn't spend half as much time rubbing it in |
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ChartBuddy
Legendary
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 03, 2014, 03:00:55 AM |
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Taras
Legendary
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Activity: 1386
Merit: 1057
Please do not PM me loan requests!
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December 03, 2014, 03:07:31 AM |
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... I am back from India. I returned a couple weeks ago. I have been avoiding the boards because I am a bit depressed. Husband sold some coins while I was gone. ... Faith in God restored!!1! Hey, whatever it takes! If that was the outcome it was well worth it! Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie The Lord gives and the Lord takes away, but blessed be the name of the Lord. ... Yes He does and He sure is, sister BitChick! But who do you suppose made you lose your family's money? Could it be...  FTFY |
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